SIASUN(SZ:300024) Zheng Quan Shi Bao Wang·2025-09-17 11:04Core Insights - Figure AI has become the highest-valued humanoid robotics company globally, achieving a post-financing valuation of $39 billion after raising over $1 billion in Series C funding, which is 15 times its valuation from the previous year [1][3][4] Company Overview - Founded in 2022 and headquartered in California, Figure AI focuses on developing autonomous general-purpose humanoid robots, with its first product, Figure 01, capable of walking, dexterous manipulation, and multimodal perception [4] - The founder, Brett Adcock, known as the "little Musk," has a background in pioneering technology ventures, previously co-founding Archer Aviation, a company in the eVTOL space [4] Funding and Growth - In May 2023, Figure AI raised $70 million to accelerate the development of Figure 01, and in October 2023, it launched the robot, positioning it against Tesla's Optimus [5] - The company completed a $675 million Series B funding round in February 2024, reaching a valuation of $2.6 billion, with notable investors including OpenAI, Microsoft, and Amazon's Jeff Bezos [5] Technology and Innovation - Figure AI introduced the Helix model, an end-to-end AI system for robots, featuring a dual-system architecture for efficient task execution and real-time control [6] - The company has faced skepticism regarding the authenticity and replicability of its technology demonstrations, as it has not showcased its robots in live operational settings [7] Competitive Landscape - The humanoid robotics sector is becoming increasingly competitive, with rivals like Tesla, Boston Dynamics, and various Chinese companies also advancing in the field [8] - Despite its high valuation, Figure AI's current market position reflects more of a "faith vote" from investors rather than established commercial value, emphasizing the need to convert demonstration capabilities into delivery capabilities to sustain its valuation [8]